Singapore legislation
Section 61A
Section 61A
Debarment under Companies Act 1967
(1)
A person who has a debarment order made against him or her under section 155B of the Companies Act 1967 must not —
except in respect of a VCC of which the person is a director immediately before the making of the order, act as director of any VCC; or
except in respect of a VCC of which the person is a secretary immediately before the making of the order, act as secretary of any VCC.
(2)
Subsection (1) applies from (and including) the date that the debarment order is made until such time as the Registrar of Companies cancels or suspends the order under the Companies Act 1967.
(3)
A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.